Zhejiang Double Arrow Rubber Valuation

Q: What is the Fair Price of 002381 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

002381 (CN¥6.63) is trading above our estimate of [[fair value]] (CN¥5.36)

Is 002381 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 002381 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002381 (CN¥6.63) is trading above our estimate of fair value (CN¥5.36)

Significantly Below Fair Value: 002381 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 002381?

Key metric: As 002381 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 002381. This is calculated by dividing 002381's market cap by their current earnings.
What is 002381's PE Ratio?
PE Ratio	12.4x
Earnings	CN¥219.53m
Market Cap	CN¥2.82b

002381 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.1x
Enterprise Value/EBITDA	8.6x
PEG Ratio	0.5x

Price to Earnings Ratio vs Peers

How does 002381's PE Ratio compare to its peers?

The above table shows the PE ratio for 002381 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	53.4x
300743 Hangzhou Todaytec Digital	26.1x	n/a	CN¥2.5b
300731 Shenzhen Cotran New MaterialLtd	101.7x	n/a	CN¥2.8b
603276 Jiangsu Hengxing New Material TechnologyLtd	57.3x	n/a	CN¥2.9b
688722 Beijing Tongyizhong New Material Technology	28.4x	n/a	CN¥3.1b
002381 Zhejiang Double Arrow Rubber	12.4x	24.0%	CN¥2.8b

Price-To-Earnings vs Peers: 002381 is good value based on its Price-To-Earnings Ratio (12.4x) compared to the peer average (53.4x).

Price to Earnings Ratio vs Industry

How does 002381's PE Ratio compare vs other companies in the CN Chemicals Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 002381 is good value based on its Price-To-Earnings Ratio (12.4x) compared to the CN Chemicals industry average (36.4x).

Price to Earnings Ratio vs Fair Ratio

What is 002381's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

002381 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	12.4x
Fair PE Ratio	18.3x

Price-To-Earnings vs Fair Ratio: 002381 is good value based on its Price-To-Earnings Ratio (12.4x) compared to the estimated Fair Price-To-Earnings Ratio (18.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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